When the Price Falls, They Buy More

Matt Hougan, Bitwise CIO, on why financial advisors are buying this drawdown, not selling it The advisors who already had allocations are buying more, exactly as they're supposed to. These are financial professionals who committed to holding one to five percent Bitcoin in a portfolio. So when the price falls 50 percent and that 5 percent becomes 2.5 percent, they re-up to get back to target. They're a counter cyclical buyer. #Bitwise #Bitcoin #Crypto #Investing #ETF